Vauld, a cryptocurrency lending service, has announced the close of a $25 million Series A funding. The company said the round was led by Peter Thiel's venture capital fund Valar Ventures. Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos, and others also participated in the funding.
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"We look forward to Vauld benefiting from our team's expertise in understanding how to build a global business across emerging tech hubs in Europe, Asia, and North America," said Andrew McCormack of Valar Ventures.
The funds will allow Vauld to scale the team, accelerate international growth and licensing efforts. The company also claims it has expanded its global user base over 200x over the past year, and its quarter-over-quarter growth in AUM increased 124.4% from Q1-Q2 2021.
In September last year, cryptocurrency exchange Bitpanda raised over $50 million from Valar Ventures and other fintech investors such as Speedinvest.
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